Could Trump, China conflicts take the U.S. into recession?The relationship between the two superpowers in the wake of the president-elect’s victory is off to what some might consider a rocky start, leaving the question of the potential fallout if the relationship were to continue this way.

Once an albatross left by Bush, the economy is now Obama’s ‘gift’ to Trump Obama touts his economic successes but, for too many voters, he didn’t do enoughPresident Obama feels good enough about the economy now to see it as a “gift” he’s handing Donald Trump, but if everything were that rosy, Trump probably wouldn’t have won, writes Caroline Baum.

Taking account of this overlooked industry could lift the U.S.’s GDP Outdoor Industry Association sizes its economic footprint at $646 billion, employing 6.1 million peopleThe U.S. economy could be even stronger if the contributions of snow-boarders — and fishermen and trail guides and mountain-bikers and scores more who make recreation their business — are factored into the Gross Domestic Product calculus.

The real message behind the Carrier deal isn’t those 800 jobs This is about the backdrop for 21st-century jobs that are quickly replacing assembly plants of the 1960sEmbedded in this Indiana deal is a much stronger signal about the urgency of the Trump-Pence economic policies that the skeptics overlook, writes Michael J. Hicks.

November’s unemployment-rate drop ‘not all good news,’ economists say ‘Green light’ for December Fed rate hike seen Comments from economists on November’s jobs report, which showed the lowest level of unemployment in nine years.

Siemens reshuffles execs as it focuses on softwareMUNICH-- Siemens AG said it would reshuffle management and hire a Cisco Systems Inc. executive as part of an effort to expand its software capabilities. The changes, announced late Wednesday, mark the latest attempt by Chief Executive Joe Kaeser to centralize control and reshape the German industrial giant around digitization.

If Trump wants a trade war, starting one with Germany makes more sense Who’s taking good-paying jobs from U.S.? Not China or MexicoIf Donald Trump wants to launch a trade war that has a chance of bringing back good-paying jobs, it should be against Germany, not China or Mexico, writes Matthew Lynn.

Praxair approaches Linde about deal talks againPraxair Inc. moved to restart negotiations with Germany's Linde AG over a combination that would create a $60 billion industrial-gas giant, two months after previous talks dissolved. Praxair approached Linde last week and negotiations could begin soon, according to people familiar with the matter. Linde may not agree to resume talks, one of the people cautioned, and a deal is far from guaranteed.

Three ways to play the Trump stock market Rising interest rates are likely here to stay, which is good news for financial stocks. But others have had an undeserved popRising interest rates are likely here to stay, which is good news for financial stocks. But others have had an undeserved pop.

Charlie Munger and Donald Trump agree in these 3 ways Their thoughts on free trade, Glass-Steagall and corporate taxes are quite similarThese two Republican billionaires seem very different, but they share these economic ideas.

Union workers at GE Appliance plant reject new contract China’s Haier Group bought division from GE earlier this yearWorkers at the former appliance division of General Electric Co. rejected a new contract this week, spurning an attempt by its new Chinese owners to cut costs at a massive factory complex in Louisville, Ky.

How to profit from the Internet of Things: 4 quick successes and 4 bigger ideas Investors will see the Internet of Things transform industriesThe benefits of the Internet of Things are here, not in some far-off future scenario, says this Cisco executive and author. Investors will see it transform industries.

Trump’s plans for trade and foreign policy could end up hurting the U.S. Fitch sounds a warning on some of Trump’s campaign promisesWhile details of Trump’s actual trade and foreign policy agenda remain unclear, some of the campaign promises he made have significant implications for countries like Canada, Mexico and China -- but also for the U.S.

A Trump trade war? Why Goldman thinks investors shouldn’t believe the hype Critical information for the U.S. trading dayWorried about our protectionist-elect? “The popular media narrative on the downside risk of a trade war is overstated,” says a team of Goldman Sachs analysts led by Charles Himmelberg, providing our call of the day.

U.S. lawmakers advised to bar Chinese state-owned companies from buying U.S. firmsThe United States should bar Chinese state-owned enterprises from acquiring U.S. companies – takeovers that give China an unfair advantage in trade relations, according to a report released Wednesday by a congressional advisory panel.

Trump won’t start a trade war; he’ll finish it Threat of tariffs marks the start of hard-nosed talk with Chinese, and othersDonald Trump isn’t going to start a trade war, but with tough negotiations he will finish the long-time trade war against American workers, writes Darrell Delamaide.

Dow closes at record high for fourth straight session Crude oil prices rally; retail sales rise 0.8% in October U.S. stocks closed higher on Tuesday as the market’s postelection updraft continues, with the Dow Jones Industrial Average turning in a seventh winning session in a row and a fourth straight record close.

Why company reorganizations fail and how to make them work So-called reorgs are touted as a way to unlock value, but in North America only 19% of them deliver the value they are supposed to in the time plannedSo-called reorgs are touted as a way to unlock value, but in North America only 19% of them deliver the value they are supposed to in the time planned.

Trump must go beyond campaign rhetoric to fix this failed economy Stiglitz says the rules must be rewritten to favor all of society, not just people like TrumpDonald Trump has promised to deliver a better economy for the many people who have been left behind, but to do so he must go beyond the ideological battles of the campaign, writes Joseph Stiglitz.

On Singles’ Day, Alibaba exec says U.S. needs China Possible Trump tariffs discussed ahead of huge shopping day in ChinaThe online shopping extravaganza known as Singles’ Day is one of the year’s biggest events in China. Yet even Singles’ Day was upstaged Thursday by U.S. President-elect Donald Trump.

American Axle stock price target cut to $12 from $16 at FBR & Co.

3:36 a.m. Nov. 10, 2016

American Axle downgraded to underperform from market perform at FBR & Co.

Trump’s victory encourages outsiders to smash the eurozone Now it’s Europe’s turn to feel the rage of populismEuropean populists will be encouraged by the success of Donald Trump, which means the eurozone is likely to be smashed, writes Matthew Lynn.

Hillary Clinton undone by an ‘Archie Bunker’ uprising Working-class whites flee Democratic party as ‘blue wall’ cracksCall it the Archie Bunker revolt. Republican Donald Trump pulled off the most stunning victory in Americans presidential history by drawing on the votes of working-class white men who used to form a key plank of support for the Democratic party.

Toyota signals electric-car shift as profit fallsTOKYO--Toyota Motor Corp. gave a strong signal Tuesday that it soon plans to jump on the battery bandwagon and make electric cars despite expressing skeptical views about their range and charging times.

Henkel profit gains; closes Sun Products dealHenkel AG (HEN.XE) said Tuesday it had officially closed the transaction of Sun Products Corp. and was now the second-biggest laundry-care company in the U.S. The company also posted a gain in third-quarter net profit and said it was already seeing a positive impact from the acquisition. The German manufacturing major said in June it would buy the maker of All and Wisk laundry detergents for 3.2 billion euros ($3.5 billion) to strengthen its presence in North America.

Berkshire Hathaway profit weighed down by railroadBerkshire Hathaway Inc.'s third-quarter operating profit and revenue rose, driven by its businesses in manufacturing, utilities and energy. Net income, however, declined as the Nebraska-based conglomerate recorded lower investment gains. A year ago, Berkshire benefited from a $4.4 billion gain from its Kraft Heinz investment.

Service-oriented U.S. firms grow slower in October, ISM finds Index drops to 54.8% from 57.1%; employment plans scaled backCompanies that offer services, such as health care and entertainment grew less rapidly in October and scaled back hiring plans, but executives described business as steady in a sign that the economy is still expanding at a moderate pace.

American Axle to buy Metaldyne Performance for $1.6 billion, a 52% premium per shareAmerican Axle & Manufacturing Holdings Inc. announced Thursday a deal to buy fellow vehicle components maker Metaldyne Performance Group Inc. for $1.6 billion in cash and stock, and the assumption of $1.7 billion in debt. Under terms of the deal, each MPG share will be exchanged for $13.50 in cash and 0.5 share of American Axle. Based on Wednesday's closing prices, the deal values MPG shares at about $21.81 each, which represents a 52% premium. American Axle expects the deal to add to cash flow and earnings in the first full year after closing. The company expects synergies of $100 million to $120 million by 2018. "MPG's expertise in complex, highly-engineered powertrain components and its global footprint will be tremendous assets to AAM," said American Axle Chief Executive David Dauch. Neither stock is active in premarket trade. MPG shares have tumbled 22% year to date, while American Axle's stock has dropped 12% and the S&P 500 has gained 2.6%.

American Axle to pay equivalent of $21.81 for each MPG share, a 52% premium to Wednesday's close

1:48 a.m. Nov. 3, 2016

American Axle to buy Metaldyne Performance Group for $1.6 bln in cash and stock

American Apparel may not make it through the holidays American Apparel has cut jobs, might move manufacturing out of L.A.American Apparel, which emerged from Chapter 11 nine months ago, may have to file for bankruptcy again.

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